Word: steel
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Dates: during 1960-1969
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...world. But underneath, nearly every observant Briton knows that his nation is in serious trouble. One critic has warned that the scepter'd isle seems ready to "sink giggling into the sea." Author Michael Shanks (The Stagnant Society) says that "the hardheaded (and often hardhearted) millowners and steel masters of the North have bred the little flirts of Chelsea and Kensington. It is gay, it is madly amusing, and it carries with it the smell of death." Few would perhaps put Britain's malaise in such harsh terms, but even George Brown, when he was Labor...
...Before it was cast, the man who paid for it had certain reservations and designations." Smith preferred to work directly with raw iron and steel, kept his prices high, and if there were no buyers, well, there was always more room in the fields...
While Alexander Calder early became a world figure by giving movement to sculpture with his mobiles, and Jacques Lipchitz developed his own tragic vision in the New World while still using traditional casting techniques, David Smith seemed to gain strength from wrestling directly with the raw materials of the steel age. His own work, Smith insisted, should be viewed both with the eye of a poet and of a workman, and he was proud that he had mastered his craft. A dropout from Ohio University after his freshman year, Smith studied art under John Sloan in New York...
...Casualties. By Government and industry reckoning, the 43-day strike cost the U.S. economy at least $3 billion; it was the nation's most serious strike since the 116-day steel stoppage in 1959. The five grounded airlines-United, TWA, Eastern, National and Northwest-lost $335 million in revenue, a presumptive $28 million in profits.* Their employees-not only the machinists but also some 42,500 laid-off pilots, stewardesses, office and reservation clerks-missed a total of $68.8 million in pay. The federal, state and local governments lost some $45 million in tax revenue. The tourist indus...
...looked rich during the first half of 1966, with a profit rise of 20% on sales of $20 million. Now Poor has lost the man most credited with its gains. President Frederick A. Fielder, 53, announced that he is leaving Poor to take over the presidency of CF&I Steel. He will be replaced by John S. Newton, 57, who was recruited from his position as Goodman Division, Westinghouse Air Brake Co. vice president. Fielder is not saying how he plans to help CF&I recover from its slumping sales position among U.S. steel producers. "I have plenty of ideas...